• Underlying NPAT up 9.2% to $131 million
• Platforms NPAT up 7.4% with strong net cashflow growth
• Superannuation & Investments NPAT steady, AMP Bank NPAT up 2.9%

AMP Ltd has announced its financial results for the first half of 2025, reporting a 9.2% increase in underlying net profit after tax (NPAT) to $131 million. The company's Platforms business saw a 7.4% increase in underlying NPAT to $58 million, driven by strong net cashflow growth of 98.7% to $2.3 billion. This was supported by continued growth in Managed Portfolios, which reached $21.8 billion. The Superannuation & Investments business reported steady underlying NPAT of $34 million, while AMP Bank's underlying NPAT increased 2.9% to $36 million, reflecting improvements in net interest margin and careful management of costs. The New Zealand Wealth Management business also performed well, with underlying NPAT up 11.8% to $19 million. At the group level, the company maintained its disciplined approach to costs, with controllable costs down 4.4% to $303 million. The Board has declared a 1H 25 dividend of 2.0 cents per share, 20% franked, in line with the company's guidance. AMP remains focused on scaling innovative new solutions, particularly in the retirement segment, and growing its digital challenger bank, AMP Bank GO.

AMP expects to maintain its dividend payout of 2.0 cents per share per half through 2025, subject to economic conditions and other uses of capital.

AMP is focused on scaling innovative new solutions, particularly in the retirement segment, and growing its digital challenger bank, AMP Bank GO. The company remains committed to disciplined cost management and maximizing the contributions from its partnerships as they grow in their respective markets.